Tokocrypto Review 2024
Minimum
deposit:
  • IDR 50,000

Trading platform:

  • Mobile application
  • Web-Plattform

Tokocrypto Review 2024

Updated:
Updated: October 06, 2023

2.93

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • IDR 50,000

Trading platform:

  • Mobile application
  • Web-Plattform
Trading features:
  • Algorithmic trading and signal trading are available

Summary of Tokocrypto Crypto Exchange

Tokocrypto is a high-risk cryptocurrency exchange with the TU Overall Score of 2.93 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Tokocrypto clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Tokocrypto ranks 139 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

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The Tokocrypto platform was launched in Indonesia in September 2018. Since 2020, it has been actively cooperating with Binance, the international exchange. In the same year, it introduced TKO (TokoToken) — a service token and a mobile trading application of its own design. At the moment, more than 2 million traders cooperate with Tokocrypto. They can trade more than 300 pairs, both independently and using artificial intelligence. Tokocrypto exchange affiliates offer their customers ready-made universal and individual bots, as well as paid and free signals. Today, Tokocrypto combines several cryptocurrency services, including a platform for selling NFT tokens.

💰 Account currency: IDR, cryptocurrencies
🚀 Minimum deposit: IDR 50,000 when depositing in BIDR, IDR 100,000 when depositing other cryptocurrencies or rupiah
⚖️ Leverage: Not provided
💱 Spread: Over 300 cryptocurrency pairs
🔧 Instruments: No data
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Tokocrypto:

  • high-security level — protection of the mobile application with two-factor authentication and client funds’ storage in cold wallets;
  • the possibility to combine different trading strategies, both active and passive;
  • simple registration and fast verification;
  • competitive commissions for the exchange of cryptocurrencies and withdrawal of funds;
  • intuitive interface of trading platforms, excellent functionality;
  • round-the-clock support in online chat and through popular instant messengers;
  • existence of an affiliate program, regular discounts, bonuses, and contests among existing customers.

👎 Disadvantages of Tokocrypto:

  • there is no possibility to trade with leverage;
  • of fiat currencies, only the Indonesian rupiah (IDR) is available;
  • to reduce exchange fees, a trading turnover of BTC 50 is required.

Evaluation of the most influential parameters of Tokocrypto

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

1.60

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

3.09

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

2.87

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

3.03

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.39

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.61

/10

Geographic Distribution of Tokocrypto Traders

Popularity in

81.5%
ID
Indonesia
7.1%
IN
India
17.4%
Others
Others

User Satisfaction i

2 comments
Total score:
2 /10

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kimberleytv16
1 year ago

Tokocrypto is a little known broker. No different from the rest of the kitchens, Here is a very low-quality trade. I would like to trade with an honest company, but this is not about Tokocrypto. I have experience, so I know for sure that this company is not worth attention.

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MichaelSi
1 year ago

Tokocrypto is a terrible platform, with an incomprehensible design and a small range of services within the framework of digital currency trading. I do not advise using the Tokocrypto platform, especially for beginners. It is very difficult to understand her. There are many companies that will be more interesting.

Expert Review of Tokocrypto

The only fiat currency that Tokocrypto deals with is the Indonesian rupiah. However, the range of cryptocurrencies available for deposit and withdrawal is wide. The exchange accepts and withdraws Bitcoins, as well as more than 100 altcoins. At the same time, minimum withdrawal limits are set: BTC 0.001, ETH 0.00016, BNB 0.01, etc. In fiat, you can withdraw at least 100,000 rupiahs per application. Available daily limits depend on the level of verification that the client has passed (KYC 1, KYC 2).

Tokocrypto works closely with the Binance exchange. Together, BIDR (from Binance IDR) was developed, the first stable digital coin backed by rupiah at a ratio of 1:1. In June 2020, the Binance exchange included it in the list of stablecoins available for purchase and exchange. In addition to BIDR, Tokocrypto has TKO, its own utility token. For the storage (staking) of TKOs, the platform charges annual interest.

The trading terminal supports over 100 TradingView indicators, tools, and charts. There are minute, hourly, D1(1D), W1(1W), and MN1(1M) timeframes available. The Tokocrypto website and terminal are presented in two languages, Indonesian and English. Support is also provided in two languages. Several communication channels are available via chat, email, and Facebook. Educational materials and video guides are only available in Indonesian.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Tokocrypto’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

Tokocrypto clients may also take advantage of algorithmic trading and signal trading. Both strategies allow you to receive passive income if you use the correct price forecast generated by artificial intelligence or a human. The Tokocrypto exchange does not have a permanent offer for staking cryptocurrencies. However, it charges annual interest for storing TKO coins in an internal wallet. The referral program is available to all clients.

Passive income at Tokocrypto | Algorithmic trading and signal trading

Automated trading at Tokocrypto is possible with the help of bots from CryptoHero, an affiliate. Traders can work with ready-made bots that place orders according to pre-set algorithms, such as DCA, Exit, and Price. More advanced users can set the trading parameters for the robot based on indicators or use the Trailing Stop Loss function. Tokocrypto also cooperates with KepingAi, a provider of trading signals developed using artificial intelligence and sophisticated machine learning algorithms.

The trading signal contains the following information:

  • pair designation, a minimum value of potential profit and Take Profit level;

  • the current value of the asset and the insurance order;

  • the average recommended purchase price;

  • the time elapsed since the signal was generated.

The cost of a monthly subscription to trading signals is IDR 150,000 and 190,000 (depending on the number of references). Also, a free package of 150 signals per month is available for BTC, ETH, and TKO. Investors who want to test the bots can connect to Paper Trading, a simulation trading using virtual $10,000.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Tokocrypto’s affiliate program

  • The base rate of the referral bonus is 20% of the trading commission of each attracted trader. An affiliate can increase the percentage of remuneration up to 50%. To do this, he needs to register in the TKO Angels community and connect at least 50 referrals.

The Tokocrypto affiliate program is multi-level, so income from second-level referrals is also available, with up to 30% of the fee amount.

Trading Conditions for Tokocrypto Users

Tokocrypto is an exchange for trading Bitcoins, stablecoins, and altcoins of various liquidity. It is possible to replenish the account both in cryptocurrencies and in fiat currency, but only in Indonesian rupiah.

IDR 50,000

Minimum
deposit

1:1

Leverage

24/7

Support

💻 Trading platform: Applications for Android and iOS devices, web platform
📊 Accounts: Standard
💰 Account currency: IDR, cryptocurrencies
💵 Replenishment / Withdrawal: Crypto wallets, bank transfer, Visa and MasterCard, Gopay, OVO Wallet
🚀 Minimum deposit: IDR 50,000 when depositing in BIDR, IDR 100,000 when depositing other cryptocurrencies or rupiah
⚖️ Leverage: Not provided
💼 PAMM-accounts: No
📈️ Min Order: 0.1%-0.02% of the trade amount
💱 Spread: Over 300 cryptocurrency pairs
🔧 Instruments: No data
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Orders execution: No
⭐ Trading features: Algorithmic trading and signal trading are available
🎁 Contests and bonuses: Free TKO coins for completing tasks at the platform, trading contests, commission discounts, cashback for transactions and deposits

Broker comparison table of trading instruments

Tokocrypto Bybit OKX XT.com BitGet Paxful
Forex No No No No No No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

Tokocrypto Commissions & Fees

Information
The commission at Tokocrypto depends on the trading volume in the last 30 days. A base rate of 0.1% applies to makers whose turnover does not exceed BTC 50. In the event of in trading volume increase, the commission is reduced to 0.09-0.02%. Takers also pay the exchange 0.1% of the trade amount, however, for them, a reduction in the rate to 0.09% is possible only if the turnover increases to BTC 4,500 per month. The minimum commission for takers is 0.04%. There are no exchange fees for deposits. The withdrawal fee depends not only on the cryptocurrency but also on the token type. For example, for Bitcoin, Tokocrypto withholds BTC 0.0002-0.0005, and for BIDR, it is 5,500 rupees. Some coins are withdrawn without commission.
Account type Spread (minimum value) Withdrawal commission
Standard $1 per $1,000 trade Yes. For most cryptocurrencies

The comparison of the Tokocrypto fees and two other popular exchanges is presented in the below table.

Broker Average commission Level
Tokocrypto $1 Low
Binance $6 Medium
Bybit $20 High
Logo Tokocrypto
$1
$6
$20

Contacts

Foundation date 2018
Registration address Jl. Prajurit KKO Usman dan Harun No.16, RT.2/RW.1, Senen Jakarta, Indonesia 10410
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Tokocrypto Review Tokocrypto Review

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FAQs

Do reviews by traders influence the Tokocrypto rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Tokocrypto you need to go to the broker's profile.

How to leave a review about Tokocrypto on the Traders Union website?

To leave a review about Tokocrypto, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Tokocrypto on a non-Traders Union client?

Anyone can leave feedback about Tokocrypto on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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